The head of the troubled Swiss bank, Credit Suisse, says very few Swiss clients have closed their accounts – although the bank does say globally there has been a significant outflow of funds.
The CEO, André Helfenstein, told the press yesterday only around 1% of Swiss assets have been lost.
He says the bank’s Swiss business is profitable – making CHF 1.2 bn in the first nine months of the year.
But across its entire operations, the bank has issued a profit warning for the end of the year.
Too many demos in Geneva?
Geneva is examining the issue of demonstrations and the impact they’re having on local businesses.
City of Geneva makes more money
The City of Geneva has revealed its accounts will show a CHF 200m surplus for last year.
Yes, cars are bigger
New figures show something we’ve all suspected for the last few years – cars are getting bigger, but parking spaces stay the same.
Bike thefts up - rarely solved
Bike thefts in Geneva are on the rise and very rarely solved.
Man tried to open door on SWISS flight
A man was arrested at Zurich airport after a SWISS International Airlines flight arrived back from Bangkok.
Zurich fans caused CHF 100,000 of damage
Zurich football fans caused CHF 100,000 worth of damage to the Stade de Genève during a match on April 6th.
